Civic Intelligence

Innovateedu Inc.

990 • Fiscal year 2015 • EIN 46-3636238

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 21, 2016

Organization ProfileWWW.INNOVATEEDUNYC.ORG
230 Ashland Place 19CBrooklyn, NY 11217

(347) 593-8369

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.11x

Higher debt load relative to assets than 95% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

0.75x

Higher debt load relative to revenue than 86% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Net Margin

3rd percentile

-99%

Higher net margin than 3% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

51st percentile

$74,146

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Asset Growth

3rd percentile

-34%

Faster asset growth than 3% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

19th percentile

-7.1%

Faster revenue growth than 19% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$686,887

Down $347,521 (-34%) from 2014

Net Assets

Down

-$74,120

Down $1,005,359 (-108%) from 2014

Liabilities

Up

$761,007

Up $657,838 (+638%) from 2014

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin3rd percentile

Revenue

Down

$1,018,048

Down $77,291 (-7.1%) from 2014

Expenses

Up

$2,023,407

Up $1,859,307 (+1133%) from 2014

Net Income

Down

-$1,005,359

Down $1,936,598 (-208%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2014: $1,034,408Liabilities 2014: $103,169Net Assets 2014: $931,2392014Assets 2015: $686,887Liabilities 2015: $761,007Net Assets 2015: -$74,1202015Assets 2016: $1,120,063Liabilities 2016: $307,358Net Assets 2016: $812,7052016Assets 2017: $3,230,311Liabilities 2017: $1,399,117Net Assets 2017: $1,831,1942017Assets 2018: $3,368,271Liabilities 2018: $207,543Net Assets 2018: $3,160,7282018Assets 2019: $2,261,098Liabilities 2019: $139,047Net Assets 2019: $2,122,0512019Assets 2020: $3,520,768Liabilities 2020: $431,463Net Assets 2020: $3,089,3052020Assets 2021: $3,724,321Liabilities 2021: $903,797Net Assets 2021: $2,820,5242021Assets 2022: $5,320,526Liabilities 2022: $494,854Net Assets 2022: $4,825,6722022Assets 2023: $5,927,124Liabilities 2023: $449,928Net Assets 2023: $5,477,1962023Assets 2024: $4,628,746Liabilities 2024: $283,228Net Assets 2024: $4,345,5182024

Highlighted filing

2015

Assets$686,887
Liabilities$761,007
Net Assets-$74,120
Open 2015 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $1,095,339Expenses 2014: $164,100Net Income 2014: $931,2392014Revenue 2015: $1,018,048Expenses 2015: $2,023,407Net Income 2015: -$1,005,3592015Revenue 2016: $2,968,221Expenses 2016: $2,081,396Net Income 2016: $886,8252016Revenue 2017: $3,297,037Expenses 2017: $2,278,548Net Income 2017: $1,018,4892017Revenue 2018: $5,073,517Expenses 2018: $3,743,983Net Income 2018: $1,329,5342018Revenue 2019: $2,064,452Expenses 2019: $3,103,129Net Income 2019: -$1,038,6772019Revenue 2020: $3,621,876Expenses 2020: $2,654,622Net Income 2020: $967,2542020Revenue 2021: $3,180,754Expenses 2021: $3,449,535Net Income 2021: -$268,7812021Revenue 2022: $5,723,231Expenses 2022: $3,718,083Net Income 2022: $2,005,1482022Revenue 2023: $4,862,256Expenses 2023: $4,210,732Net Income 2023: $651,5242023Revenue 2024: $3,113,100Expenses 2024: $4,244,778Net Income 2024: -$1,131,6782024

Highlighted filing

2015

Revenue$1,018,048
Expenses$2,023,407
Net Income-$1,005,359
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 21, 2016
Return Version
2014v6.0
Gross Receipts
$1,018,048
Mission and Program Overview

Mission

Innovateedu catalyzes education transformation by bridging gaps in data, policy, practice, and research to center the needs of the field in accelerating innovation towards an equitable, inclusive and radically different future for all learners.

To eliminate the achievement gap by accelerating innovation in common core-aligned, next generation learning models and tools that serve, inform, and enhance teaching and learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$284,319$376,541▲ $92,222
Accounts Receivable$144,089$210,346▲ $66,257
Pledges and Grants Receivable$606,000$100,000▼ $506,000
Total Assets$1,034,408$686,887▼ $347,521
Liabilities
Accounts Payable and Accrued Expenses$103,169$761,007▲ $657,838
Total Liabilities$103,169$761,007▲ $657,838
Net Assets / Fund Balance
Temporarily Rstr Net Assets$0$36,265▲ $36,265
Unrestricted Net Assets$931,239$-110,385▼ $1,041,624
Total Net Assets Fund Balance$931,239$-74,120▼ $1,005,359
Total Liabilities and Net Assets / Fund Balance$1,034,408$686,887▼ $347,521
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Erin MoteExecutive DirectorFT$74,146$74,146

Board Members and Trustees

NameTitle
Richard BolyBoard Chair
Caitie WhelanDirector
Kara GersonDirector
Michael JonesDirector
Sidney PinneyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Thoughtworks INCSoftware Development99 MADISON AVENUE 15TH FLOOR, New York, NY 10016$280,616
Revenue and Support

Revenue Composition

Contributions and Grants
$603,627
Program Service Revenue
$411,357
Investment Income
$0
Other Revenue
$3,064
All Other Contributions
$603,627
Change in Net Assets
$-1,005,359

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,018,048
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,186,406
Total Revenue per Audited Statements
$2,204,454
Total Revenue per Form 990
$1,018,048
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,455,466
Salaries, Compensation, and Employee Benefits$567,941
Total Fundraising Expense$16,199
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,406,298$44$4$1,406,346
Other Salaries and Wages$248,022$99,727$9,535$357,284
Current Officers, Directors, Trustees, and Key Employees$106,755$43,699$4,172$154,626
Payroll Taxes$28,249$14,322$1,346$43,917
Fees for Services Accounting-$34,039-$34,039
Other Employee Benefits$4,947$2,508$236$7,691
Pension Plan Contributions$2,845$1,442$136$4,423
Insurance$2,765$1,402$131$4,298
Travel$1,813$751$547$3,111
Fees for Services Legal$1,203$667-$1,870
Office Expenses$25$1,121-$1,146
Advertising-$705-$705
Conferences and Meetings$306--$306
Other Expenses$44$15$92$59
Total Functional Expenses$1,805,216$201,992$16,199$2,023,407

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,278,574
Expenses per Audited Statements$2,023,407
Total Expenses per Form 990$2,023,407
Expenses Not Reported on Form 990$255,167
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Erin MoteExecutive DirectorTHE ORGANIZATION ENTERED INTO A SERVICE AGREEMENT WITH BROOKLYN LABORATORY CHARTER SCHOOL, INC. TO PROVIDE THE SCHOOL WITH EDUCATIONAL CORE SERVICES AS WELL AS PURCHASED GOODS AND SERVICES ON BEHALF OF THE SCHOOL. THE SCHOOL'S CO-FOUNDER/EXECUTIVE DIRECTOR ERIC M. TUCKER AND INNOVATEEDU INC'S EXECUTIVE DIRECTOR ERIN MOTE ARE HUSBAND AND WIFE.No$477,656
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Co-founder/former executive director eric m. Tucker and co-founder/executive director erin mote are husband and wife.”

Form 990, Part VI, Section B, Line 11

“Form 990 is reviewed by management and the board of directors for approval. If changes are required, the organization will then forward to the auditing firm and a final version will be distributed to all board members prior to the irs submission.”

Form 990, Part VI, Section B, Line 12C

“The organization shares its conflict of interest policy with board members and officers as part of their regular meetings. Officers, directors, and key employees are expected to declare if at any point a conflict of interest arises.”

Form 990, Part VI, Section B, Line 15

“Comparable data is used by the board when determining the compensation of officers and key employees.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Innovateedu Inc
EIN
46-3636238
Phone
3475938369
Address
230 ASHLAND PLACE 19C, BROOKLYN, NY 11217

Signing Officer

Name
Erin Mote
Title
Executive Director
Phone
3475938369
Signed
2016-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Mote
Formed
2013
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
30
Volunteers
4

Preparer

Firm
Fruchter Rosen & Co Pc
Address
156 WEST 56TH STREET STE 1804, NEW YORK, NY 10019
Preparer
Gus Saliba
Phone
2129573600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 87. Management and general expenses 44. Fundraising expenses 4. Total expenses 135. Technology development consultants: program service expenses 1,406,211. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,406,211.”

FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:

“The organization's board of director is responsible for oversight of the audit and selection of the independent auditor.”

Financial Statement Notes

PART X, LINE 2:

“Innovateedu, inc. Accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The school has no uncertain tax position resulting in an accrual of tax expense or benefit.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Revenue from inception to june 30, 2014 amounted to 1,095,339. The audit covered a period from september 12, 2013 (inception) to june 30, 2015.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Expenses from inception to june 30, 2014 amounted to 164,100. The audit covered a period from september 12, 2013 (inception) to june 30, 2015.”

Raw XML AppendixShowing 400 of 405 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01086050
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt059692
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt09289
IRS990/PYRevenuesLessExpensesAmt0931239
IRS990/PYSalariesCompEmpBnftPaidAmt0104408
IRS990/PYTotalExpensesAmt0164100
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01095339
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1005359
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0411357
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0603627
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01086050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01689677
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0420646
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06822
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06822
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0601537
IRS990ScheduleA/SubstantialContributorsTotAmt01088140
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0603627
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01086050
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01689677
IRS990ScheduleA/TotalSupportAmt01696499
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt091067
IRS990ScheduleD/DonatedServicesUseFcltsAmt091067
IRS990ScheduleD/ExpensesNotReportedAmt0255167
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02023407
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0164100
IRS990ScheduleD/OtherRevenueAmt01095339
IRS990ScheduleD/RevenueNotReportedAmt01186406
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01018048
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INNOVATEEDU, INC. ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE SCHOOL HAS NO UNCERTAIN TAX POSITION RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUE FROM INCEPTION TO JUNE 30, 2014 AMOUNTED TO 1,095,339. THE AUDIT COVERED A PERIOD FROM SEPTEMBER 12, 2013 (INCEPTION) TO JUNE 30, 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EXPENSES FROM INCEPTION TO JUNE 30, 2014 AMOUNTED TO 164,100. THE AUDIT COVERED A PERIOD FROM SEPTEMBER 12, 2013 (INCEPTION) TO JUNE 30, 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02023407
IRS990ScheduleD/TotalRevenuePerForm990Amt01018048
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02204454
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02278574
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ERIN MOTE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0EXECUTIVE DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0477656
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0THE ORGANIZATION ENTERED INTO A SERVICE AGREEMENT WITH BROOKLYN LABORATORY CHARTER SCHOOL, INC. TO PROVIDE THE SCHOOL WITH EDUCATIONAL CORE SERVICES AS WELL AS PURCHASED GOODS AND SERVICES ON BEHALF OF THE SCHOOL. THE SCHOOL'S CO-FOUNDER/EXECUTIVE DIRECTOR ERIC M. TUCKER AND INNOVATEEDU INC'S EXECUTIVE DIRECTOR ERIN MOTE ARE HUSBAND AND WIFE.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CO-FOUNDER/FORMER EXECUTIVE DIRECTOR ERIC M. TUCKER AND CO-FOUNDER/EXECUTIVE DIRECTOR ERIN MOTE ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS FOR APPROVAL. IF CHANGES ARE REQUIRED, THE ORGANIZATION WILL THEN FORWARD TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS AND OFFICERS AS PART OF THEIR REGULAR MEETINGS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPARABLE DATA IS USED BY THE BOARD WHEN DETERMINING THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 87. MANAGEMENT AND GENERAL EXPENSES 44. FUNDRAISING EXPENSES 4. TOTAL EXPENSES 135. TECHNOLOGY DEVELOPMENT CONSULTANTS: PROGRAM SERVICE EXPENSES 1,406,211. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,406,211.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S BOARD OF DIRECTOR IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt036265
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01034408
IRS990/TotalAssetsEOYAmt0686887
IRS990/TotalAssetsGrp/BOYAmt01034408
IRS990/TotalAssetsGrp/EOYAmt0686887
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0603627
IRS990/TotalEmployeeCnt030
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016199
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0201992
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01805216
IRS990/TotalFunctionalExpensesGrp/TotalAmt02023407
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0103169
IRS990/TotalLiabilitiesEOYAmt0761007
IRS990/TotalLiabilitiesGrp/BOYAmt0103169
IRS990/TotalLiabilitiesGrp/EOYAmt0761007
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0931239
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-74120
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01805216
IRS990/TotalProgramServiceRevenueAmt0411357
IRS990/TotalReportableCompFromOrgAmt074146
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0414421
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01018048
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01034408
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0686887
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0547
IRS990/TravelGrp/ManagementAndGeneralAmt0751
IRS990/TravelGrp/ProgramServicesAmt01813
IRS990/TravelGrp/TotalAmt03111
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0931239
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-110385
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0230 ASHLAND PLACE 19C
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011217
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.INNOVATEEDUNYC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIN MOTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03475938369
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATEEDU INC
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0463636238
ReturnHeader/Filer/PhoneNum03475938369
ReturnHeader/Filer/USAddress/AddressLine1Txt0230 ASHLAND PLACE 19C
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011217
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061671819
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRUCHTER ROSEN & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0156 WEST 56TH STREET STE 1804
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010019
ReturnHeader/PreparerPersonGrp/PhoneNum02129573600
ReturnHeader/PreparerPersonGrp/PreparationDt02016-01-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GUS SALIBA

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$686,887
Liabilities
$761,007
Net assets
-$74,120
Revenue
$1,018,048
Expenses
$2,023,407
Net income
-$1,005,359
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.63$0.28$4.35$3.11$4.24$1.13
2023Detailed filing. Detailed filing data is available for this year.$5.93$0.45$5.48$4.86$4.21$0.65
2022Detailed filing. Detailed filing data is available for this year.$5.32$0.49$4.83$5.72$3.72$2.01
2021Detailed filing. Detailed filing data is available for this year.$3.72$0.90$2.82$3.18$3.45$0.27
2020Detailed filing. Detailed filing data is available for this year.$3.52$0.43$3.09$3.62$2.65$0.97
2019Detailed filing. Detailed filing data is available for this year.$2.26$0.14$2.12$2.06$3.10$1.04
2018Detailed filing. Detailed filing data is available for this year.$3.37$0.21$3.16$5.07$3.74$1.33
2017Detailed filing. Detailed filing data is available for this year.$3.23$1.40$1.83$3.30$2.28$1.02
2016Detailed filing. Detailed filing data is available for this year.$1.12$0.31$0.81$2.97$2.08$0.89
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.76$0.07$1.02$2.02$1.01
2014Detailed filing. Detailed filing data is available for this year.$1.03$0.10$0.93$1.10$0.16$0.93